Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 63,000 direct labor-hours, total fixed manufacturing overhead cost of $88,200, and a variable manufacturing overhead rate of $2.90 per direct labor-hour. Recently Job X387 was completed and required 210 direct labor-hours.

Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.)

Overhead applied to Job X387 .

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?